2007 RE predictions Bay Area

May 19, 2018 16 Comments

“Real estate agents point to San Francisco, Silicon Valley and certain parts of the East Bay, with short commute times and good public schools, as sweet spots in the market. A scarcity of single-family homes in San Francisco and the strength of Google and other technology companies are propping up the markets in those locations, agents said.”

Sound familiar????

www.sfgate.com/realestate/amp/For-the-Bay-Area-real-estate-industry-2007-went-3233790.php

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TOP 16 Comments
  • Microsoft UMbR31
    Same with Seattle, lot of noise, but not too steep a fall. Fundamentals are strong in these places.
    May 19, 2018 0
  • Microsoft UMbR31
    Yes, the good places did not drop too much. Bay area was possibly the best RE investment to weather the recession.
    May 19, 2018 4
    • Lyft 8008
      Inaccurate. Only the really good neighborhoods of Bay Area.
      May 19, 2018
    • Microsoft UMbR31
      Yes. Of course we're not talking about Hayward, Fremont and Pleasanton here.
      May 19, 2018
    • Lyft 8008
      Seattle is not bad either, Laurelhurst, Queen Anne, West Bellevue, Kirkland downtown, etc
      May 19, 2018
    • Microsoft UMbR31
      Yes. My second reply on this post is indeed Seattle.
      May 19, 2018
  • Citibank / Eng id 10 t
    OP
    Take that graph back another 10 years and you’ll see how bad the bubble truly is. Also, note that from peak to valley the recession wiped out 4 years worth of gains (went back to 2005 levels) and it took another 4 years to get back to pre-recession peak (in the good area). That’s dramatic.
    Final point. Asset prices always go up over long periods of time. Take the price of milk over the last 30 years and I suspect we’ll see similar results. Not disputing the long term trend, just pointing out parallel sentiments in 2007 and today.
    May 19, 2018 3
    • Microsoft UMbR31
      Yeah but compare that with rest of US. If you want your portfolio to have real estate, then no better place than bay area.
      May 19, 2018
    • Microsoft UMbR31
      Yes agreed with the parallels. But it's not something to lose sleep over if it's bay area (and potentially Seattle).
      May 19, 2018
    • Citibank / Eng id 10 t
      OP
      Don’t disagree at all. Can’t think of a better place to live. Just a question of asset prices and whether valuations are correct or if there’s a sale on the horizon.
      May 19, 2018
  • Citibank / Finance $$>RSU
    Anyone want to re-engage in this conversation? A lot has happened since.
    Dec 11, 2018 2
    • Microsoft UMbR31
      Blatant self flattery. But I'll take it.
      Dec 11, 2018
    • Citibank / Finance $$>RSU
      Lol.
      Dec 11, 2018
  • Citibank / Eng id 10 t
    OP
    Earthquakes can manifest themselves in many forms and are all very hard to predict. Unless you were able to predict the dot come bust and financial crisis, I’d say your vision is about as good as everyone else’s (including mine) when it comes to seeing anything long term.
    May 19, 2018 0
  • Google jet1
    Barring a major earthquake, I dont see any other reason for drastic long term drop in prices.
    May 19, 2018 0
  • GE / R&D iceship
    With all the hq2s being planned east the companies are realizing that the Bay Area is not sustainable. More must be done to make the area affordable.
    May 19, 2018 0

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